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There was also discussion regarding disbursement/management of <br /> said $40, 000 . 00, as well as a payment schedule (an initial <br /> deposit of $20, 000 . 00 was agreed to by all parties) . In the <br /> event there is to be a remaining balance at the time of <br /> completion of the project, the Town would have the authority to <br /> return it to the Developer. <br /> The suggestion was made to focus on the concept and broad <br /> range thereof of a Zoning Article for presentation at Town <br /> Meeting. The Town Planner questioned the legality of the <br /> involved parties to enter into said Development Agreement. The <br /> necessity for long range planning (flexibility) was recognized <br /> and agreed upon. All parties agreed that the establishment of <br /> some sort of informal agreement would be the basis for a <br /> Development Agreement. <br /> There was discussion concerning the fiscal impact scope, <br /> demographics being an important factor. Percentages per each <br /> unit type are to be broken down as follows : Full Family, Post <br /> Family, New Family, Retiree, and Seasonal . The vast majority of <br /> the project is Commercial, with the Whitings Road area designated <br /> as Residential (25-Units) . A profile distinguishing the market <br /> area and those with a propensity to build within Mashpee Commons <br /> is needed, as well as a market analysis . The Town Planner <br /> suggested phasing requirements be required. <br /> There was some discussion regarding residential/retail <br /> components of the project . The suggestion was made to consider <br /> family/housing assessments within the analysis. <br /> The first drafts of the Zimmerman Study (residential) are <br /> anticipated within one week-ten days . The Town Planner requested <br /> a Commercial Market Study, for the purpose of indicating fiscal <br /> impacts upon the Town be required as well. <br /> There was some discussion regarding Water/Waste Water <br /> requirements, fees, etc . Private Sewer District/Town Sewer <br /> District, DEP, and state legislature were discussed. Mashpee <br /> Commons representatives proposed building to capacity, making the <br /> completed operating system a gift to the Town, which would enable <br /> the Town to recoup all operating costs plus capital reserve. <br /> There was some discussion regarding the availability of <br /> State/Revolving/Federal funds. Mashpee Commons Ltd. Partnership <br /> indicated they were not interested in the alternative of tying <br /> into another development' s sewer treatment plant; their <br /> responsibility/concern is to deal with waste water on their <br /> land. Town representatives indicated that Environmental issues <br /> must be addressed. Discussion regarding technology, flow rate, <br /> and nitrogen levels followed. <br /> Mashpee Commons Ltd. Partnership made further reference to <br /> an August 21st correspondence with regard to units. They <br /> proposed a concept of a unit conversion for consideration by the <br /> -2- <br />